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Original Message:
Who cares about resorts' rental rates! (by Terry H.):
Ken - You mention "desirability", "availability", "inflated rental figures", etc...
Truth is, one can determine the worth of a particular unit on a particular week by watching the rental histories on sites like RedWeek.com, myresortnetwork.com & sellmytimesharenow.com. Supply and demand determines rental rates. Supply and demand determines tradability. It’s that simple. You may have a lesser quality unit at a good location with a good date and beat a very high quality unit elsewhere in tradability. Rental rate histories WOULD be reflective of this as well.
You guys are putting WAY to much emphasis on my comment about the resorts’ rental rates. I KNOW THEY ARE INFLATED! I am NOT talking about resorts’ rental rates.
All I am saying is that being a “pioneer” in RedWeek’s exchange program has cost me points. THERE WAS NO PROVISIONAL WEEK OPTION AT THAT TIME. My 3BR ski week in March has more demand, based on rental histories, than does Plantation Resort of Myrtle Beach. I can rent my week out for $1600, on RedWeek’s site no less, and use that money to rent TWO weeks at Plantation Resort. Yet, that person received more points than I did. Consequently, I can't even reserve his week without paying $217 to buy more points - plus the exchange fee!
I would definitely have done a provisional week if it were offered back then. Then again, if everyone did a provisional week, there would be ZERO weeks available. I now feel penalized by making my week available, that’s all.
NO, RedWeek never said that points equaled rental dollars. This was assumed by many based on the early points being offered. It is now clear I was wrong.